Tax and Spend – For every €1 in higher taxes it raises, it promises €2.60 in cuts. May announce a cut to universal social charge next week. Will retain tax relief on pension contributions at 41 per cent.
Jobs – Pledging to raise the national wage back to €8.65. Plans to create 100,000 jobs over next five years years. 45,000 places for interns. Loan guarantee scheme to give credit to SMEs. Lower rate of employer of PRSI to be abolished.
The banks – Will shut down Anglo and Irish Nationwide by the end of the year and cut banking costs to avoid interest rate hikes.
The bailout – Wants to renegotiate terms.
Homeowners – Wants to help homeowners in negative equity by increasing mortgage interest relief to help them save up to €166 a month.
Political reform – Will hold a referendum to abolish the Seanad’; wants to reduce the number of TDs by 20, and abolish termination payments for ministers
Public sector reform – reduce the number of public servants by 30,000. Salary cap of 200,000.
Health – Universal health insurance, possibly based on the Dutch model.
Environment – Will invest 7 billion in “green infrastructure”.
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